Chiara Albanese

Italian officials hinted in private talks with Taiwan that they may be willing to pull out of a controversial pact with China as they sought to secure help with semiconductors, according to people familiar with the issue.

Italy’s right-wing government on Monday approved a labor market reform that cuts taxes for workers while further scaling back an unemployment benefit brought in by a previous administration.

Italy has signaled to the US that it intends to pull out of a controversial investment pact with China before the end of the year.

Italy’s state lender plans to drop its offer for Telecom Italia SpA’s landline network, ending a bidding war with KKR & Co. for control of the carrier’s most valuable asset, according to people familiar with the matter.

Italy’s state lender plans to drop its offer for Telecom Italia SpA’s landline network, ending a bidding war with KKR & Co. for control of the carrier’s most valuable asset, according to people familiar with the matter.

Cassa Depositi e Prestiti and partner Macquarie Asset Management had decided to raise their previous offer last month, but will now plug on that plan.

Prime Minister Giorgia Meloni will discuss with Group of Seven allies Italy’s decision on whether to pull out of a controversial investment pact with China, according to a senior government official.

Prime Minister Kyriakos Mitsotakis didn’t just defy the pollsters with his landslide election victory in Greece on Sunday. He also bust open the constraints that his main political opponent had tried to place on him.

Kyriakos Mitsotakis not only defeated his leftist opponent, he outmanoeuvred him. But it wasn’t enough.

Italy announced it will set up a €1 billion ($1.1 billion) sovereign fund to channel funding to companies it deems strategic, furthering Premier Giorgia Meloni’s vision to shore up domestic production and secure key supply chains.